Two-Story Restaurant with Liquor
For Sale
$1,950,000
3119 Revere Blvd, Brigantine, NJ 08203
COMMERCIAL - Brigantine, NJ
Property Size6,750 SF
Price / SF$288.89
Days on Market68
Property Features for 3119 Revere Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Business District, Corner
Directions
Take Atl-Brig Blvd. to Revere Blvd. Property is on the left side.
Subdivision
Brigantine City
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13730
Listing Agency:
Soleil Sotheby's International Realty-B
(609) 264-5543
Listed By:
RALPH (PAUL) BUSCO · License #0569707
(609) 515-0530
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 23 at 4:06PM
MLS# 608988
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story commercial building contains 6,750 square feet of bar and restaurant space, with seating for 240 patrons and 25 off-street parking spaces. The property includes a Plenary Retail Consumption License with Broad Package Privilege, providing a liquor component alongside the restaurant configuration. A current building environmental report is also available.
Located at 3119 Revere Blvd in Brigantine, the property sits near Lighthouse Circle, CVS, and year-round retail businesses. The site is positioned within the island’s commercial area and has pedestrian exposure described in the property information. Mixed-use development, including commercial and residential components, is permitted in the zone.
Located at 3119 Revere Blvd in Brigantine, the property sits near Lighthouse Circle, CVS, and year-round retail businesses. The site is positioned within the island’s commercial area and has pedestrian exposure described in the property information. Mixed-use development, including commercial and residential components, is permitted in the zone.
Key Highlights
- 6,750‑square‑foot two‑story bar and restaurant building
- Plenary Retail Consumption License with Broad Package Privilege included
- Seating capacity for 240 patrons
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,429
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,088,580
$2.1M
Cap Rate 7%
$1,491,843
$1.5M
Cap Rate 9%
$1,160,322
$1.2M
Market Conditions
NOI Build-Up for 6,750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$145.8K $21.60/SF
− Vacancy
−$6.6K −$0.97/SF
EGI
$139.2K $20.63/SF
− OpEx
−$34.8K −$5.16/SF
NOI
$104.4K $15.47/SF
Area
Atlantic County, NJ
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,088,580
Cap Rate 7%
$1,491,843
Cap Rate 9%
$1,160,322
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,429 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,956 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 77%
Home Improvements & Furnishings 23%
ACME Markets
Groceries
17,717 visits/mo
0.5 miles
Brigantine Ace Hardware
Home Improvements & Furnishings
5,329 visits/mo
0.1 miles
Demographics for 08203, NJ
7,725
Population
9,340
Households
0.8
Avg Household Size
56
Median Age
46%
College-Educated
93%
High-School Grad
6.6 sq mi
ZIP Area
1,170
Density / Sq Mi
$88,906
Median Household Income
$57,510
Median Earnings
$1,499
Median Rent
$485,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial property supports restaurant operations, package sales, and permitted mixed-use development.
Where is this conventional restaurant located?
The property is located at 3119 Revere Blvd Brigantine, NJ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 6,750‑square‑foot two‑story bar and restaurant building; Plenary Retail Consumption License with Broad Package Privilege included; Seating capacity for 240 patrons
